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In anticipation of the final impulse wave

27 May 2016, EUR/USD

The pair has probably started correction.

At the moment, it is still in the initial stage of its development, so further price fluctuations are expected in a certain narrow range. Thus, it is better to abstain from trading now and wait for final formation of all impulse patternsm which probably had formed as part of the wave of i. After that, you may try to win back the corrective growth due to formation of the wave ii.

Vasiliy Lukin
FreshForex Analyst
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